Canada and U S stocks rise as Bank of Canada holds rate
North American markets climbed with Canada's S P/TSX up 68 points to 21 593 96 after the Bank of Canada kept its policy rate at five percent. U S indexes also gained with the Dow up 75 86, S P 500 up 26 11, and Nasdaq up 91 96 as investors await potential rate cuts.
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Bank of Canada holds rate at five percent amid inflation still high
Ottawa reports no rate cut yet as Governor Tiff Macklem maintains a five per cent policy rate. He notes inflation is easing but stubborn price pressures and housing costs keep policy restrictive. Economists expect first cut in June as growth slows.
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